{"data":{"id":"us-or/ors-238.310","jurisdiction":"us-or","citation":"ORS 238.310","heading":"Minimum service retirement allowance.","body":"(1) Notwithstanding any other provision of this chapter, the service retirement allowance of a member who has 15 or more years of creditable service shall be not less than $100 a month, computed under the nonrefund plan:\n      (a) For a member who retires and begins receiving a service retirement allowance before or on reaching the age of 65 years, on the basis of retirement at the age of 65 years.\n      (b) For a member who retires and begins receiving a service retirement allowance after reaching the age of 65 years, on the basis of age reached at retirement.\n      (2) Any member who receives a service retirement allowance calculated under the provisions of this section shall receive the retirement benefit in the form of a lump sum amount as provided in ORS 238.315.","path":["06 - Local Government, Public Employees, Elections","22. Public officers and Employees","Chapter 238 — Public Employees Retirement System"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors238.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:12Z","sha256":"22a1b0effbcbaa8a1eedf04b1f89c68f04aab3b0f58922fe2518d2dbbf9359b5","source_id":"us-or","stale":false,"prev":"us-or/ors-238.305","next":"us-or/ors-238.315"},"notice":"GroundRules: Original legal text. Not legal advice."}